2013 House Bill 5170

Mandate claw back (penalty) in “economic development” business subsidies

Introduced in the House

Dec. 4, 2013

Introduced by Rep. Jon Switalski (D-28)

To require that state “economic development” agreements granting tax breaks, loans or cash subsidies to particular corporations or developers must include a “clawback” provision, requiring the recipient firm to repay the benefits if it does not meet the job or investment promises specified in the agreement.

Referred to the Committee on Commerce